M&T Bank Reports Third-Quarter EPS of $5.08, Revenue of $2.536 Billion
M&T Bank reported third-quarter earnings of $5.08 per share and revenue of $2.536 billion, above analyst estimates of $4.96 per share and $2.533 billion, respectively.
U.S. stocks were mixed in morning trading Friday. The Dow Jones gained around 250 points, rising 0.48% to 52429.32 after the market opened. The NASDAQ fell 0.65% to 26539.04, while the S&P 500 slipped 0.05% to 7740.48.
Energy shares advanced 1.4% Friday, while information technology stocks declined 1.1%. M&T Bank (NYSE: MTB) reported third-quarter earnings of $5.08 per share, above the analyst consensus estimate of $4.96. Revenue was 2.536 billion, compared with the consensus estimate of 2.533 billion. Sangrix Inc (NASDAQ: SGRX) shares surged 58% to $1.08 after the company announced a November 2026 delivery schedule for its 128-GPU NVIDIA Blackwell B300 project in Malaysia.
Zenta Group Co Ltd (NASDAQ: ZTG) shares rose 46% to $0.90 after the company said its subsidiary, ZentoAI, had executed a binding MOU to acquire a controlling stake in a privately held digital technology service provider in mainland China. Rubico (NASDAQ: RUBI) shares gained 32% to $0.4242. Rubico extended to Oct. 31 a $3.7 million payment owed to TOP Ships.
**Equities Trading Down** Fractyl Health (NASDAQ: GUTS) shares fell 49% to $2.11 despite meeting a key REMAIN-1 endpoint. The second co-primary endpoint and 12-month results are expected in 2027. MDxHealth SA (NASDAQ: MDXH) shares dropped 47% to $0.32 after the company reported preliminary third-quarter revenue and suspended its full-year 2026 revenue guidance of $110 million-$115 million. Curis Inc.
(NASDAQ: CRIS) shares declined 28% to $0.36 after the company announced an $8.5 million private placement priced at-the-market under Nasdaq rules with existing healthcare-focused institutional investors. **Commodities** Oil traded down 0.2% to $97.75, while gold rose 0.4% to $4,188.60. Silver gained 1.2% to $57.820 on Friday, and copper rose 1.1% to $6.6280. **Euro Zone** European shares were higher.
The eurozone’s STOXX 600 gained 0.6%, Spain’s IBEX 35 Index rose 0.9%, London’s FTSE 100 advanced 0.1%, Germany’s DAX jumped 1.1%, and France’s CAC 40 gained 0.4%. **Asia Pacific Markets** Asian markets closed higher on On Friday, Japan’s Nikkei 225 advanced 1.39%, Hong Kong’s Hang Seng Index added 0.52%, China’s SSE Composite Index rose 0.24% and India’s BSE Sensex jumped 0.56%. The New York Fed’s Services Business Activity Index fell to -20.7 in October from -8.7 the previous month, its lowest reading since March. U.S.
export prices climbed 2.2% in September, the largest monthly increase since April, after rising 1.2% in August. U.S. import prices increased 1.1% month over month in September, exceeding market estimates for a 0.8% gain.